1All figures are in New Zealand Dollars (NZ$) unless otherwise stated2All comparisons are with the six months ended 31 December 2017 (1H18), unless otherwise stated3Earnings before interest, tax, depreciation and amortisation (EBITDA) is a non-GAAP measure. However, the Company believes that it assists in providing investors with a comprehensive understanding of the underlying performance of the business. A reconciliation of EBITDA to net profit after tax is shown at the end of this document4Kantar Infant Formula market tracking of Tier 1 and Key A cities for 12 months ending 28 December 2018 by value5Aztec Australian Grocery and Pharmacy Scan 12 months ending 30 December 20186Aztec Australian Grocery Weighted Scan 12 months ending 30 December 2018